Japan’s Nikkei slid 1.4 percent to 9,505.27, bruised by a higher yen and an announcement Thursday by electronics and video gaming giant Sony Corp. that it would slash 10,000 jobs. South Korea’s Kospi was 0.9 percent lower at 1,991.56 and Hong Kong’s Hang Seng fell 0.6 percent to 20,570.52.
The most recent worries in Europe are concentrated on Spain and Italy. The yield last week on Spain’s 10-year government bond rose to 5.93 percent, and Italy’s rose to 5.52 percent — signs of slipping investor confidence.
It means those countries will have to pay more to borrow money and force more cuts in government spending. That would hinder growth that is needed to extricate Europe’s smaller economies from a massive load of debt.
Meanwhile, data on Friday showed the Chinese economy grew at an 8.1 percent pace in the January-March period, the slowest in almost three years.
“Pressure on risk assets has intensified in the wake of softer Chinese GDP data and especially renewed eurozone stresses, with Spain moving rapidly into the spotlight,” analysts at Credit Agricole CIB in Hong Kong wrote in an e-mail.
“Further pressure on Spanish bond spreads is likely especially as it has become clear that the country’s banks are relying more on European Central Bank funding.”
For the latest updates on the stock market, PRESS CTR + D or visit Stock Market Today For the latest updates PRESS CTR + D or visit Stock Market news Today
Related Post:
Asian Stocks Market
- China, Asian stock markets outlook 2013
- Asian stock market opened january 17 2013
- asian stock market january 9 2013
- Asian stock markets are expected january 7-11 2013
- Asian stock markets Japan Nikkei rose dec 26 2012
- Why Asian stocks market down 14 2012
- why Asian stock markets down november 13 2012
- Asian stock markets october 29 2012
- Asian stock markets october 11 2012
- Asian stock markets october 3 2012
- Asian stock market october 1 2012
- Asian stock market rose september 28 2012
- asian stock market drops 9/27/2012
- How will Asian stock market september 27 2012
- Asian stock markets Nikkei down 26/9/2012
- Asian stock markets for september 26 2012
- Asian stock markets 25/9/2012
- Asian stock markets september 24 2012
- Asian stock market september 21 2012
- Asian stock markets september 20 2012
- Asian stock markets september 12 2012
- Asian stock market down september 11 2012
- Asian stock markets september 10 2012
- Asian stock markets september 2012
- Asian stock market down september 6 2012
No comments:
Post a Comment